Proposed changes to the ‘in Australia’ condition for tax concessions — what do they mean for the higher education sector?
By Joanne Dunne, Hariharan Sekhar and Shoba Kanniappan
The federal government has proposed changes that will alter the requirements placed on higher education bodies, potentially affecting their tax status.
The proposed exposure draft legislation includes restating the ‘in Australia’ special condition required to be met by income-tax-exempt entities and deductible gift recipients. These proposals need careful consideration by higher education entities, as some sector-specific concerns have not been addressed in the latest exposure draft legislation.
Under the proposed new rules, income-tax-exempt entities must operate and pursue their purposes principally in Australia to satisfy the ‘in Australia’ special condition…
Click on the link below to read the rest of the Minter Ellison briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Minter Ellison
News from The Lawyer
Briefings from Minter Ellison
Australian government seeking more efficient delivery of public sector functions through contestability
On Monday 15 December the Australian government announced its ‘Efficiency through Contestability Programme’, as part of the mid-year economic and financial outlook.
The federal government has confirmed there will be ‘single-sided’ reporting for Phase 3B entities.